At the end of last month, Bloomberg reported that cash balances in emerging market debt funds are touching lows last printed in the aftermath of the 2013 Taper Tantrum, thanks to strong demand from investors for emerging market debt. Citing a survey conducted by JP Morgan, the financial news portal notes that dry powder among emerging-market portfolios is at just 3.4% of assets, close to the lows last reported in 2013.
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Emerging Market Debt Funds Ready To Break Another Record?
According to...
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